Antfactory faces an uncertain future

By

Nicholas Lockley

January 15, 2001 5:00 pm GMT

Antfactory, the year-old incubator which has grown at a pace once synonymous with the new economy, is facing an uncertain future.

The environment that gave birth to the incubator phenomenon has undergone radical change. Antfactory is under pressure to create value for its shareholders, which include Whitney & Co, Citicorp Venture Capital, CVC Capital Partners and Allianz Capital Partners.